NEWS STORIES

Renting versus OwningSubmitted: 10/12/2012
Story By Michael Crusan

RHINELANDER - Low mortgage rates and the recovering economy have come together to make buying a home cheaper than renting.

In the Northwoods realtors say homes are selling for up to 80-percent below the fair market value.

John Krueger is a Realtor at John Krueger Realty and says, "So that means the trend has reversed from a sellers' market to a buyers' market. That will reverse again because in the real estate business we're always in a cycle. Unfortunately we're in a longer cycle than usual, but that's going to go back up again."

While prices are low, many are taking advantage of the deals and turning a profit by converting homes into rental properties, Krueger says, "Investors and contractors are scooping up some of these low-end properties to rent. The rental market is strong and the prices of rental properties will show that. So many people lost their homes, unfortunately, and they have to go someplace, so they rent."

This buyers' market won't hang around forever though and realtors recommend purchasing a home now if you can afford it before it turns back into a sellers' market.

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John Krueger Realty

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 IN OTHER NEWS
What We're Working OnSubmitted: 11/20/2014

- We'll show you how the loss of one event in the Rhinelander area has opened the door for a new one downtown.

- A central Wisconsin paper mill will transition to international ownership after being owned by an American company.

- And hundreds of kids in third world countries will get to open a Christmas gift this year. It's all thanks to people who donate a shoebox filled with supplies for kids. The boxes are part of a world-wide organization called Operation Christmas Child. Newswatch 12's Karolina Buczek went to the Rock Mission Center in Eagle River where volunteers are collecting boxes filled with toys, toothbrushes, and hope.

We'll have the details on these stories and more tonight on Newswatch 12 - news from where you live.

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Bus driver cited for deadly crashSubmitted: 11/20/2014

SHAWANO COUNTY - A citation against a school bus driver claims his failure to yield at a stop sign caused a deadly crash in Shawano County.

75 year old James Mueller has been cited in a crash near Pulaski that killed one woman and injured members of a high school volleyball team.

A report from the Shawano County Sheriff's Department shows Mueller was cited for failure to yield at a stop sign -- resulting in death. He was also cited for causing injuries.

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Wisconsin mom accused of damaging son's earsSubmitted: 11/20/2014

MILWAUKEE - A 26-year-old Fond du Lac woman is charged with felony child abuse after she was caught on video jamming cotton swabs into her son's ears, causing them to bleed.

According to the complaint, Jenna Schumacher took her 15-month-old son to Children's Hospital of Wisconsin for treatment of chronic ear bleeding and perforated eardrums.

The complaint says doctors found no medical reason for the ear injuries, but discovered a piece of a cotton swab in the boy's ear.

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Feds had fish shop in U.P. during undercover probeSubmitted: 11/20/2014

L'ANSE, MI - Agents working undercover ran a fish business in Michigan's Upper Peninsula while investigating illegal catches of lake trout.

The disclosure is in a document unsealed in Marquette federal court.

Since 2012, the U.S. Fish and Wildlife Service says it's been investigating illegal catches of lake trout in the upper Great Lakes. The population has been affected by sea lampreys and excessive fishing.

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New projects for Lakeland AirportSubmitted: 11/19/2014

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ARBOR VITAE - The Lakeland Airport could see big changes in the next few years. That could include a make-over to their entire runway. The airport managers finished building their new maintenance building two weeks ago. The building cost more than $500,000 and that cost could mean fewer projects in the near future.

"Every year the airport receives $150,000 in federal money in what's called our entitlement money," explained Lakeland Airport Administrator Jon Schmitz. "So we used up every cent we had up to 2014 for the maintenance building. You can only retain it for three years, so you use it or lose it."

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The Retail Shed looks to play a piece in improved economy in LaonaSubmitted: 11/19/2014

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LAONA - A drive through Laona might convince you that the community is struggling economically. That's true for many small Northwoods towns. But one locally-owned, independent store is trying to move things in a better direction.

Within the last few months, both the grocery store and the hardware store in Laona closed.

Now, the hardware store is back open, with new owners and a new name. It's called The Retail Shed.

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Freeze the Gain encourages holding weight steady over the holidays in Forest CountySubmitted: 11/19/2014

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CRANDON - Forest County health workers hope they can help people maintain their weight over the holidays.

A national study found average Americans gain one or two pounds around Thanksgiving and Christmas.

"That weight typically doesn't come off," said Forest County Health Department Director Jill Krueger. "You're accumulating a pound or two every year, which is a risk factor for obesity down the road."

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